Issue of Equity
SRT Marine Systems PLC has issued and allotted 50,000 new ordinary shares following the conversion of employee share options at an exercise price of 0.1p per share, with admission to AIM expected on June 9, 2026. Additionally, 774,000 previously unadmitted ordinary shares from a December 2023 fundraising are also expected to be admitted on the same date. Following these admissions, the company will have a total of 273,012,119 ordinary shares in issue, which will serve as the denominator for shareholders' notification calculations under FCA rules.
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The Directors of SRT announce that they have issued and allotted 50,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") following the conversion of employee share options in the Company at an exercise price of 0.1p per Ordinary Share.
Application has been made for the 50,000 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 9 June 2026 ("Admission").
Following Admission, the Company will have 273,012,119 Ordinary Shares of 0.1p in issue with each share carrying the right to one vote. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.